Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.17B |
| 2 |
Netflix
NFLX
|
+$753M |
| 3 |
JPMorgan International Research Enhanced Equity ETF
JIRE
|
+$749M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$662M |
| 5 |
Walmart Inc
WMT
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.08B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$426M |
| 3 |
Meta Platforms (Facebook)
META
|
+$372M |
| 4 |
TSMC
TSM
|
+$331M |
| 5 |
Pinduoduo
PDD
|
+$319M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 94.23% |
| 2 | Technology | 1.7% |
| 3 | Consumer Discretionary | 0.84% |
| 4 | Communication Services | 0.67% |
| 5 | Financials | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TEN
4251
PUT
Tsakos Energy Navigation Ltd
TEN
$1.28B
| $4.32M | ﹤0.01% |
192,900
-68,500
| -26% | -$1.6M |
|
4252
Extra Space Storage
EXR
$30.2B
| $4.32M | ﹤0.01% |
33,207
+3,405
| +11% | +$464K |
|
4253
CALL
James Hardie Industries
JHX
$17.4B
| $4.31M | ﹤0.01% |
207,900
-877,700
| -81% | -$17.6M |
|
4254
PUT
Vaxcyte
PCVX
$8.9B
| $4.3M | ﹤0.01% |
93,300
+6,100
| +7% | +$273K |
|
4255
PUT
Immersion
IMMR
$254M
| $4.3M | ﹤0.01% |
632,900
-184,900
| -23% | -$1.25M |
|
4256
Alight
ALIT
$374M
| $4.3M | ﹤0.01% |
110,346
+8,214
| +8% | +$409K |
|
4257
CALL
Herc Holdings
HRI
$5.03B
| $4.3M | ﹤0.01% |
29,000
-24,300
| -46% | -$3.33M |
|
|
MSTZ
4258
PUT
T-Rex 2X Inverse MSTR Daily Target ETF
MSTZ
$57.7M
| $4.3M | ﹤0.01% |
250,900
-32,700
| -12% | -$332K |
|
4259
AvePoint
AVPT
$2.96B
| $4.3M | ﹤0.01% |
309,524
+243,897
| +372% | +$3.37M |
|
4260
Bath & Body Works
BBWI
$3.88B
| $4.3M | ﹤0.01% |
214,084
-572,211
| -73% | -$12.6M |
|
4261
PUT
Travere Therapeutics
TVTX
$6.19B
| $4.3M | ﹤0.01% |
112,500
+22,000
| +24% | +$715K |
|
4262
Celanese
CE
$4.94B
| $4.3M | ﹤0.01% |
101,620
-21,795
| -18% | -$889K |
|
4263
Wabtec
WAB
$49.4B
| $4.29M | ﹤0.01% |
20,120
-2,326
| -10% | -$478K |
|
4264
CALL
Wendy's
WEN
$1.58B
| $4.29M | ﹤0.01% |
515,400
-56,900
| -10% | -$491K |
|
4265
RingCentral
RNG
$5.79B
| $4.29M | ﹤0.01% |
148,530
+67,891
| +84% | +$1.93M |
|
4266
CALL
Vanguard Morningstar Large-Cap ETF
VV
$54.3B
| $4.28M | ﹤0.01% |
13,600
+1,400
| +11% | +$437K |
|
4267
PUT
NexGen Energy
NXE
$6.97B
| $4.28M | ﹤0.01% |
465,200
-85,500
| -16% | -$755K |
|
4268
CALL
TransAlta
TAC
$3.86B
| $4.28M | ﹤0.01% |
338,400
+288,400
| +577% | +$4.31M |
|
4269
Chemours
CC
$2.35B
| $4.28M | ﹤0.01% |
362,784
-132,147
| -27% | -$1.7M |
|
|
UNHG
4270
CALL
Leverage Shares 2X Long UNH Daily ETF
UNHG
$66.8M
| $4.28M | ﹤0.01% |
254,700
+148,600
| +140% | +$2.97M |
|
4271
PUT
Hartford Financial Services
HIG
$37.5B
| $4.27M | ﹤0.01% |
31,000
+5,700
| +23% | +$752K |
|
4272
PUT
Kymera Therapeutics
KYMR
$9.82B
| $4.27M | ﹤0.01% |
54,900
+16,600
| +43% | +$1.12M |
|
4273
Home BancShares
HOMB
$5.93B
| $4.27M | ﹤0.01% |
153,734
+77,926
| +103% | +$2.16M |
|
4274
First Financial Bankshares
FFIN
$4.79B
| $4.27M | ﹤0.01% |
142,923
+85,324
| +148% | +$2.69M |
|
4275
CALL
Banco Santander
SAN
$213B
| $4.27M | ﹤0.01% |
363,700
+13,500
| +4% | +$143K |
|
Similar funds
Jeff Yass's Q4 2025 Portfolio in Review
As of Q4 2025, Jeff Yass held 14,094 positions worth $868B, down 0.79% from $875B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2025 filing shows 1,864 new, 4,890 increased, 5,380 reduced and 1,914 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $2.08B.
By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
- Jeff Yass's largest Q4 2025 buy was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M.
- Jeff Yass added most to Invesco QQQ Trust in Q4 2025, an estimated $1.17B increase.
- Jeff Yass's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.08B.
- Jeff Yass fully exited Innovator US Equity Power Buffer ETF September in Q4 2025, selling an estimated $26.5M.
- Jeff Yass's ten largest holdings make up 24% of its $868B portfolio in Q4 2025.
- Jeff Yass opened 1,864 new positions and closed 1,914 in Q4 2025.
- Jeff Yass's portfolio value fell 0.79% quarter-over-quarter to $868B.
Based on Susquehanna International Group's 13F filing for Q4 2025, filed 17 Feb 2026.